Sure, the folks at Sling finally have an iPad version of SlingPlayer Mobile waiting in the App Store to gobble up your $29.99, but that doesn’t mean they’ve forgotten their original iPhone version, which has just hit version 2.0.

“To stream in High Quality (HQ) mode outside your home, you need at least 800 kbps of bandwidth from your Slingbox to your iPhone when using a Wi-Fi connection, and at least 500 kbps with a 3G connection,” the 2.0 update notes read. “If you don't have enough bandwidth for HQ mode, you can improve your viewing experience by pressing the SQ button to stream in Standard Quality.”

The good news for existing Slingbox owners is that the update doesn’t leave owners of older hardware completely in the cold -- Slingbox Classic, Tuner, AV and PRO users can still stream with the new update, but they won’t get the HQ video mode. Thankfully, everyone gets the new program guide, which you can see a glimpse of in the screenshot above.

First-time owners of SlingPlayer Mobile for iPhone 2.0 will have to fork over $29.99 to have all of this goodness, but as always, updates for existing users are free. The new version is compatible with iPhone, iPod touch and iPad (though iPad users would do better to shell out another $29.99 for the optimized iPad version) and requires iOS 4.1 or later.